Indian ferrous scrap import prices stable on high freight costs

Apr 11, 2012 | 10:53 AM |

High container freight costs for April and May shipment have kept imported ferrous scrap offer prices into India unchanged this week, market participants told Metal Bulletin. Buying interest was thin among Indian mills, with finished product prices and a weak rupee putting importers off scrap bookings. Offer prices for shredded material in containers were at $490-495 per tonne cfr Nhava Sheva, unchanged from April 3. HMS....

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